Q3 2025 Fortis Inc Earnings Call Transcript
Key Points
- Fortis Inc (FTS) announced a strong third quarter with adjusted earnings per share of $0.87, reflecting solid performance across all regulated utilities.
- The company unveiled a new five-year capital plan of $28.8 billion, up $2.8 billion from the previous plan, supporting a 7% rate base growth and 4% to 6% annual dividend growth through 2030.
- Fortis Inc (FTS) completed the sale of FortisTCI and its investments in Belize, transitioning to a portfolio comprised of 100% regulated assets, which strengthens the balance sheet and reduces risk.
- The capital plan prioritizes customer affordability and includes significant investments in transmission and distribution, with 77% of the plan directed towards these areas.
- The Board of Directors declared a fourth-quarter dividend increase of approximately 4%, marking 52 consecutive years of dividend increases.
- The sale of FortisTCI is expected to have a $0.02 impact on adjusted EPS for the full year.
- Regulatory lag at UNS Energy is impacting earnings, with over USD700 million of rate base not reflected in rates.
- Higher holding company finance costs and unrealized losses on foreign exchange contracts negatively impacted the Corporate and Other segment's EPS by $0.03.
- The expiration of a PBR efficiency mechanism and a lower allowed ROE at FortisAlberta tempered earnings growth for Western Canadian utilities.
- The company faces challenges in securing agreements and regulatory approvals for incremental generation opportunities, which could delay potential investments.
Thank you for standing by. This is Betsy, the conference operator. Welcome to the Fortis Inc., third-quarter 2025 earnings and new five-year capital outlook conference call. (Operator Instructions), and the conference is being recorded. (Operator Instructions)
I would now like to turn the conference over to Stephanie Amaimo, Vice President, Investor Relations. Please go ahead.
Thanks, Betsy, and good morning, everyone. Welcome to Fortis' third-quarter 2025 results and new five-year capital outlook conference call. I'm joined by David Hutchens, President and CEO; Jocelyn Perry, Executive VP and CFO; other members of the senior management team as well as CEOs from certain subsidiaries.
Before we begin today's call, I want to remind you that the discussion will include forward-looking information, which is subject to the cautionary statement contained in the supporting slide show. Actual results can differ materially from the forecast projections included in the forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
